US-listed shipping equities are falling Monday as stocks tumble worldwide amid selloffs in Asia over escalating Covid-19 coronavirus fears.

European stocks have likewise slid since the start of their trading day as Italy's main index fell more than 4.5% after the virus infected 200 people there and killed five.

All but two out of more than 50 New York-listed shares across the industry have sunk since 9 am New York time.